Algebra, Geometry, and Financial Mathematics Essentials
Algebra, Linear Graphs & Simultaneous Equations
1. Solving & Simplifying Equations
Algebraic Expressions
- Ex 1 (Simplify): 3x – 5y + 2x + 8y = 5x + 3y
- Ex 2 (Expand & Solve): 3(x-4) = 2x+5 → 3x-12 = 2x+5 → x = 17
- Tips:
- Only add/subtract exact like terms (same variables).
- Expand brackets by multiplying the outside term by everything inside.
- Move the smaller variable first to keep values positive.
Linear Inequalities
- Ex 1 (Solve): -3x + 4 ≤ 10 → -3x ≤ 6 → x ≥ -2
- Tips:
- Flip the sign (<
Applied Mathematics and Statistical Methods Solutions
1. Partial Differential Equations and Probability
(a) Solve the PDE (D² − 3DDʹ)z = 0
The auxiliary equation is obtained by replacing D with m and Dʹ with 1:
m² − 3m = 0 ⇒ m(m − 3) = 0 ⇒ m = 0, 3
Solution: z = f₁(y) + f₂(y + 3x)
(b) Classify the PDE: 4∂²u/∂x² − 4∂²u/∂x∂t + ∂²u/∂t² = 0
Comparing with A·u_xx + B·u_xt + C·u_tt = 0: A = 4, B = −4, C = 1
Discriminant = B² − 4AC = 16 − 16 = 0
Since B² − 4AC = 0, the equation is Parabolic.
(c) Rank Correlation
Read MoreTrigonometry and Pre-Calculus Problem Solving Techniques
Trigonometry and Triangle Calculations
1) Find Tangent Theta: Given sine theta and its quadrant, write sine as a fraction (opposite/hypotenuse). Find the adjacent side using the Pythagorean Theorem, adjust the sign based on the quadrant, and calculate tangent as opposite/adjacent.
2) Solve Triangle (Law of Sines): Use the formula: \frac{a}{\sin A}=\frac{b}{\sin B}=\frac{c}{\sin C}.
3) Solve Triangle: Apply the same Law of Sines method as described above.
15) SOH CAH TOA: Use basic trigonometric ratios
Read MoreOperations Management Formulas and Key Definitions
Waiting Line Management
Definitions and Formulas
- Arrival rate (λ): Average number of customers arriving per unit time.
λ = 1 / E(A); where E(A) is the average interarrival time. - Service rate (μ): Average number of customers served per unit time per server.
μ = 1 / E(S); where E(S) is the average service time. - Utilization (ρ): Fraction of system capacity being used. This value must be less than 1.
ρ = λ / (cμ); where c is the number of servers. - Coefficient of variation (CV): Measures variability.
Financial Accounting and Reporting Principles
Financial Accounting Principles
- Declaration of cash dividends increases total liabilities. ANSWER: True
- Payment of cash dividends decreases total assets and total equity. ANSWER: False
- The cumulative effect of the declaration and payment of a cash dividend will decrease total assets and shareholders’ equity on a company’s financial statements. ANSWER: True
- Short-term debt which is expected to be refinanced might not be classified as a current liability. ANSWER: True
- Accumulated depreciation is a contra-
All gust lines in the V-n graph originate from a point where the
- Fractions
Add/subtract: make the bottom number the same first
Multiply: top × top, bottom × bottom
Divide: keep, change, flip
Example:
1/2 + 1/4 = 2/4 + 1/4 = 3/4
2/3 × 4/5 = 8/15
2/3 ÷ 4/5 = 2/3 × 5/4 = 5/6
- Sig fig and decimal places
Decimal places: count digits after the decimal point
Significant figures: start at first non-zero digit
If next digit is 5 or more, round up
Example:
3.456 to 2 decimal places = 3.46
0.00456 to 2 sig fig = 0.0046
- Factorization
Common factor: take out the biggest factor
Quadratic:
